Websol Energy System Ltd

₹ 1,336 -1.96%

12 Jun - close price

webelsolar.com BSE: 517498 NSE: WEBELSOLAR

About

Websol Energy System Limited is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India. ^[1]

Key Points

Products
Co. specializes in the production of photovoltaic crystalline solar cells and related PV modules. The Company’s products are used in both commercial and industrial Solar Energy panels in India and internationally. ^[1]

Website BSE NSE

Market Cap ₹ 5,799 Cr.
Current Price ₹ 1,336
High / Low ₹ 1,891 / 524
Stock P/E 37.5
Book Value ₹ 64.0
Dividend Yield 0.00 %
ROCE 59.2 %
ROE 80.2 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 68.6% CAGR over last 5 years

Cons

Stock is trading at 20.8 times its book value
Promoter holding is low: 27.7%
Promoters have pledged 91.8% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

Part of Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Figures in Rs. Crores

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	63	3	14	0	0	0	0	1	25	112	144	147	173
	57	7	15	6	2	2	1	3	28	68	81	80	95
Operating Profit	5	-4	-2	-5	-1	-1	-1	-2	-3	44	63	68	78
OPM %	9%	-129%	-14%	-1,627%	-1,327%	-750%	-277%	-429%	-13%	39%	44%	46%	45%
	1	1	-0	-1	1	0	0	-101	-4	0	0	0	1
Interest	1	1	1	1	1	1	1	0	5	5	6	5	4
Depreciation	4	4	4	4	4	4	4	4	24	8	9	15	10
Profit before tax	2	-8	-7	-11	-5	-6	-5	-107	-36	32	49	48	66
Tax %	69%	-6%	-45%	-39%	6%	-12%	-25%	-49%	62%	28%	14%	14%	27%
	0	-8	-4	-7	-5	-5	-4	-55	-59	23	42	42	48
EPS in Rs	0.14	-2.08	-1.06	-1.76	-1.38	-1.29	-1.02	-12.95	-13.88	5.42	9.67	9.57	11.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	305	356	280	296	183	69	196	154	213	17	26	575
	291	351	271	267	167	93	193	120	187	30	27	323
Operating Profit	14	5	9	29	17	-25	3	34	26	-13	-1	253
OPM %	5%	1%	3%	10%	9%	-36%	1%	22%	12%	-74%	-5%	44%
	-39	-39	-1	70	11	17	4	60	6	1	-110	2
Interest	31	2	1	5	9	6	6	9	3	4	5	19
Depreciation	18	16	15	15	14	15	15	15	15	15	36	41
Profit before tax	-74	-52	-9	79	5	-29	-15	69	14	-32	-153	194
Tax %	0%	1%	14%	0%	0%	0%	-127%	29%	30%	-25%	-21%	20%
	-74	-52	-10	79	5	-29	4	49	10	-24	-121	155
EPS in Rs	-33.84	-23.83	-4.49	35.83	1.79	-9.97	1.34	15.86	2.64	-6.11	-28.66	35.64
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	5%
5 Years:	24%
3 Years:	39%
TTM:	2125%

Compounded Profit Growth
10 Years:	30%
5 Years:	69%
3 Years:	160%
TTM:	1717%

Stock Price CAGR
10 Years:	54%
5 Years:	138%
3 Years:	154%
1 Year:	107%

Return on Equity
10 Years:	%
5 Years:	16%
3 Years:	23%
Last Year:	80%

Balance Sheet

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	22	22	22	22	27	29	31	31	37	39	42	42
Reserves	-164	-217	-227	36	74	95	94	143	155	152	66	236
	389	382	352	84	81	76	78	35	36	28	184	153
	383	400	306	175	187	152	109	75	58	48	61	83
Total Liabilities	629	587	453	317	369	352	311	284	286	267	353	514
	322	280	266	283	304	287	254	239	225	210	270	290
CWIP	12	0	0	0	0	1	0	0	0	6	30	17
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	296	307	187	34	65	64	56	45	61	51	53	208
Total Assets	629	587	453	317	369	352	311	284	286	267	353	514

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-56	-13	30	142	10	5	1	36	-3	-8	35	167
	-14	-4	-0	28	-1	6	13	-0	-1	-6	-223	-86
	63	15	-30	-168	-12	-11	-14	-35	6	10	189	-35
Net Cash Flow	-7	-1	-1	2	-3	0	0	1	2	-4	1	47

Ratios

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	210	162	94	2	42	51	33	47	46	37	11	3
Inventory Days	55	61	33	7	51	216	29	70	56	544	525	70
Days Payable	328	283	250	64	172	517	134	157	58	878	1,334	66
Cash Conversion Cycle	-63	-60	-124	-55	-79	-249	-72	-40	45	-298	-798	7
Working Capital Days	-126	-146	-222	-142	-49	-180	-49	-24	39	-272	-411	13
ROCE %	-1%	-5%	-3%	62%	8%	-12%	-1%	11%	7%	-11%	-14%	59%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	25.37%	25.37%	26.76%	26.76%	26.76%	26.76%	27.71%	27.71%	27.71%	27.71%	27.71%	27.71%
	2.70%	2.78%	3.84%	4.08%	4.14%	0.83%	0.77%	0.47%	0.01%	0.48%	2.46%	4.24%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.25%	0.00%	0.00%	0.00%	0.09%	0.02%
	71.90%	71.83%	69.38%	69.13%	69.09%	72.40%	71.26%	71.82%	72.28%	71.80%	69.74%	68.04%
No. of Shareholders	78,231	76,495	74,349	72,622	69,255	62,101	61,032	86,164	1,02,892	1,13,690	1,22,902	1,27,378

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	31.17%	27.93%	25.85%	25.22%	25.04%	25.37%	26.76%	27.71%	27.71%
	5.85%	1.20%	6.88%	10.34%	8.21%	2.98%	4.08%	0.47%	4.24%
	0.44%	0.53%	0.11%	0.02%	0.02%	0.02%	0.02%	0.00%	0.02%
	62.53%	70.35%	67.16%	64.42%	66.74%	71.63%	69.13%	71.82%	68.04%
No. of Shareholders	10,532	25,040	24,904	23,906	24,135	78,173	72,622	86,164	1,27,378

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Websol Energy System Ltd

Websol Energy System Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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